We partnered with the Guarantee Scheme to help scale and grow our business in the field of EdTech, tackling Early Childhood Development in the UAE and across the region to empower future generations by equipping them with 21st Century Skills. Parallel to financing support, MBRIF constantly helps with business vision and strategy. Through the provision of a guarantee by the MBRIF Guarantee Scheme we were able to obtain the necessary financing from our Bank in order to facilitate our innovation activities targeted at sustainable growth. We highly appreciate the availability of a long-term state-backed guarantee in order to introduce our new innovative product line and consequently increase both client-base and product sales.
The Guarantee Scheme was and is a key enabler to our success. They were willing to roll up their sleeves, perform real due diligence, and to do the work necessary. MBRIF shares our vision for food security, water conservation and economic diversification and they were willing to take the risks necessary to turn that vision into a reality.
Does your innovation align to:
Are you based in the UAE or interested in building a presence in the UAE?
Has your idea taken form and become a developed product or service?
Do you think your innovation has the potential to make a large impact?
Is your company’s business plan strong and sustainable?
Does your company carry a reasonable level of commercial risk?
Have you been unable to access affordable funding or other alternatives?
You register and submit an online application
We review your application, checking for completeness and for potential success. Additional substantiating documents and/or further information could be requested from you
We run a detailed due diligence on your application, carefully analyzing innovation, commercial and industry measures. Additional substantiating documents and/or further information could be requested from you
The Advisory & Decision Committee reviews your application and makes a final decision
The final decision will be communicated to you in the form of a letter of intent, if approved. If you already have a lender, the process of signing the needed documents starts immediately